Broxus' June CBDC digest review 🗒

🛑The Eastern Caribbean Central Bank (ECCB) pilot with DCash, the central bank's digital currency, has expanded its reach to integrate eight countries in the Eastern Caribbean region.

🛑Philippines opposes CBDCs, stating that digital dollars have no support or point. Central Bank of the Philippines is not interested in issuing retail CBDCs due to concerns about loss of payment confidentiality. Polls also show that only 16% of Americans support issuing a CBDC, with concerns about government surveillance and control over spending.

🛑Central Bank of Israel explores ways to enhance network effects of its digital currency, including government payments, efficient payment methods, and peer-to-peer transactions.

🛑Mauritius plans to launch a CBDC «sandbox» application process and invites participants to pilot their projects in November 2023.

🛑Kazakhstan plans to release a digital tenge CBDC in 2023, starting with a social assistance distribution platform.

🛑The Reserve Bank of India (RBI) has launched a CBDC pilot project in four cities, with plans to add four more banks in 10 cities in the future.

🛑IMF highlights the challenges faced by Nigeria's e-Nira CBDC and the need for coordinated policy action and integration with mobile money.

🛑Circle's Singapore subsidiary has been licensed by the Monetary Authority of Singapore (MAS) to provide digital tokenization and money transfer services in Singapore.

🛑SWIFT and Chainlink partner with financial institutions to test tokenized asset transfers using the Swift infrastructure.

🛑In Japan, Mitsubishi UFJ Financial Group plans to issue stablecoins on various public blockchains using bridge technology and the Progmat Coin protocol.

🛑Korean Securities Depository (KSD) plans to create a platform for securities tokens and explore interoperability protocols with blockchain companies R3 and Adhara.

🛑SEC initiates proceedings against Binance and Coinbase, alleging unregistered activities and violations of federal securities laws. SEC Chairman Gary Gensler states that the SEC's actions are designed «to support innovation».

🛑Hong Kong is opening the doors to legal retail cryptocurrency trading as of June 1, allowing registered exchanges to offer regulated services. China's Huobi was first in line, having applied on May 26 for trading in digital assets, including Bitcoin and Ethereum.

🔗 Read more in the original

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Weekly digest of TVM events 🎙

▶️Proposal to hold marketing campaign for Everscale hasn't passed the minimum threshold of votes again

▶️Review of events in the Venom testnet for two months was published

▶️AMA session with Pi Union took place. The text review is here

▶️Everscale holds a contest for the best idea for the network's future

▶️New article on scalability was published in the Deep Tech section. Find out the key points

▶️A series of Venom Tournament games was held on the Everplay platform

▶️Report on updating the Everscale node and improved bounce message handling was published

▶️TON Foundation and Oveit service will launch a protocol for selling NFT tickets in Telegram

▶️The June CBDC digest from Broxus has been published. The review is here

#digest #post